St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-20
The COMMERCIAL RECORD.
Markets on the Chicago Board of Trade
Had Little to Break the Mo-
n0tony.
Speculative Dealings in Wheat We're
Again Quite Light Most of the
Session.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.

grain and %, 600 hogs. Of wheat there were
1873 cars; of coru 413 cars, and of oats ZIG
cars. 4 better spirit was manifested at the
opening. The seeming inability of all the
bears to force December wheat below re,
and May corn below 44l2c, and keep the
price down is having an effect on the public
mind and there is renewed speculative IN
quiry. Whenever the market strikes those
limits plenty of open orders to buy are I'M
covered. The statistical positions OF wheat
and corn are both strong, and short selling
on an extended scale is no longer the fashion.
rs not the market ON bed rock?' is the ques
ton traders are asking themselves, and the
prevailing opinion is that bed rock is there
or hereabout." Wheat opened at T2$sc for
December and 77s4c for May. The price
worked off fractionally and was pushed
up again. The tone is one of firmness, and
somewhat increased activity in the pit was
noticeable. Cables were steady. November
and December corn opened at Ale and May
at 445sc. The market advanced lsc and held
firm for the first hour. Provisions were
stronger Low stocks and public faith in
THE CHEAPNEss OF PRODUCT
at about current prices acts as barrier to
further decline at this writing. Much of the
early tirmness in wheat was due to the de-
crease of 100000 bu in the amount on
passage. new 1Orh WIS uTSt 10 duNillCS ullN
New York was first to ease off. Chicago fol-
lowed. Several private cables were weak,
and quite disposition to sell developed as
the session progressed. The market re-
NAMED steady, however, at a fractional
shrinkage from the best figures of the day.
December could not be pounded below 72SSc.
nor May below 775sc. About 1890 the
temper changed from steady TO strong. Led
by Hutchinson the crowd began buying, and
within a few minutes December was up TO
73c and May TO 7SSSc. Popular confidence
in the market seems to be returning,
and for the first time for weeks
the telegraph boys were kept busy.
The advance brought out considerable prop
erty bought by the scalpers for u fractional
rally,and the market reacted slightly and with
some show of nervousness. The l o'clock
range was at the top, and records an improve
ment of 14@5sc as compared with yesterday.
The course OF the corn market was governed
to Il great extent by wheat. Lighter receipts
gave the bulls courage TO buy, and shippers
report good inquiry for both Eastern and
foreign account. During the forenoon No
vember and December ranged 41@4114c and
May 445sGl447Sc. oats were firm and shade
higher early but eased off later.
Provisions remained firm until well along
ton to sell for January delivery. Packers
were again i'll the market selling against
production. The market is stubborn and
strong at the small decline and absorbs of
fering without effort. The l o'clock quota
tons were about the same as those ruling
at the close of business yesterday.
THE ROUTINE REPORT.
CHICAGO, Oct. 19.-Markets on change to-
day had little to break the monotony which
has marked them of late. The provision
furry of yesterday, caused by the arrival of
$4,000 porkers at the stockyards, was offset
to-day, as about $4,000 less by several thou
sand than was estimated were to arrive for
the day. The grain markets started firm and
at improved prices for wheat and corn. The
cables were steady and unchanged, and the
amount of wheat and corn on ocean passage
showed decided decrease. Clearances were
again so small as to be discouraging. Spec
ulative trading in wheat was again light
most of the session, but firm feeling ap-
peared to exist, which later developed and
prices took an upward course. No special
reason was given for the strength, excepting
that the offerings were light, and when
prices started up shorts began to cover. Some
outside orders were also received and there
was more doing i'll the thirty minutes just
before the close than during the balance of
The session. Receipts continue about as
large as heretofore and the shipments light,
excepting from Duluth where the shipments
were reported at 2S1 900 bu. The market
opened shade firmer than yesterdays
closing, and advanced ss@7sc, closing
about S4c higher than yesterday.
Corn was traded in only moderately to-day,
and fluctuations were within a limited range
The feeling was tirmer, one mainly to free
buying of the more deferred deliveries by q
prominent local operator. The market
opened a shade higher than yesterdays clos
ing prices advanced 4@SBc, ruled quiet and
closed ss@l2c higher than yesterday. The
demand for the better grades was fair, with
offerings somewhat freer, vessel room being
scarce and lake freights firm, having tend
ency to increase offerings. especially for
ket ruled tirmer in sympathy with the ad-
vance i'll wheat, the May option
Ssc decline for October delivery.
shorts having covered most of their out
standing contracts, and there was less de-
mand. The decline caused November to rule
easier and decline S4c, but further than this
there was no essential changes, May being if
sion there was general recovery, resulting
in some advance for deferred futures
moderate speculative business was done, but
the cash business was left to the sample mar
appointingly slow. Yesterdays activity led
to general belief that the dull period had
terminated, and that from this time forward
fairly active market, at least, might be ex-
pected. Hence when business to-day, after
brief squirt in the morning, fell back into its
old slow rut traders promptly changed their
tactics, and a hesitating feeling assumed CON
troll. Product, however. was quite strongly
held and as compared with last nights clos
ings, January pork was advanced sc, and
November ard December lard as well as
October and January short ribs, 2I2c. Octo-
Der ana January lard ruled stronger, though
future, sold at SUSCEPTIBILITY for pork,
Sc. 1906. 17l2 for lard, and S6.O7a4@6..I2IS
for short ribs. For the same month pork
S6.10.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat No. 2, October, opening zoe, closing
707sc; November, opening Tic, closing
zd5sc; December. opening 72ssc, closing
Corn No. 2, October opening 41c. closing
41c; November, opening 41c, closing
41Ae; December, opening Ale, closing
4lAc: May, opening, 44ssc, closing 45c.
2512c; November, opening 257sc, closing
2534c; December, opening 255s, closing
25as May, opening 29gs, closing 29l2c
Mess Pork. Pc per Dbl, Year, SLIP; January,
100 lbs, October, opening So 10. closing
S6.17l2; November, opening Sc. O7IS,
closing S6.10; January. opening S6.15,
closing oSS6i15; May opening Sc. As,
October, opening S7.02!2c, closing S7.o7I2;
January, opening S6.O712, closing 500
Cash quotations were as follows: Flour was
firmly held and offerings were only moderate;
50ssc; No. 8 spring, Csc; No. red 72G
724c. Corn-No. 2, 407sc. Oats-No. 2. 255sc:
Rye-No; 2, soc. Barey-No. 2, 6s@69c
Fla9s es l, SI07@; prime timothy
Lard, per 100 lbs, Sc. 25. Short ribs sides
Qoosel, 81. 10; dry sailed shoulders (boxed).
S5.6o@5.50; short clear sides Cboxed), 81. 40
@7.45. Whisky-Distillers' finished goods.
per gallon, S1.1O. Sugars-Cut loaf, 7c:
graduated, 6s4c: Standard "a" 6ssc. Re-
ceipts-Flour. 81, 900 bbls; wheat, I2O, 900
bu; corn, $4,000 bu; oats, 345 900 bu:
rye, 5000 blu; barley, go 900 blu. Shipments
Flour. 81 900 bbls; wheat, 5000 bu; corn,
$4,000 bu; oats, 101 900 bu; rye, !, 900 bu:
BARLEY, 81 600 blu. On the produce exchange
to-day the butter market was quiet at 19@25c
for and 1EGnOIIhn